Procrastinating on June 7, 2017
Over at Equitable Growth: Must- and Should-Reads:
- Sarah Kliff: Nevada's legislature just passed a radical plan to let anybody sign up for Medicaid: "Nevada’s bill... just four pages... would allow any state resident... to buy into the state Medicaid program... under the name the Nevada Care Plan... https://www.vox.com/policy-and-politics/2017/6/6/15731622/nevada-medicaid-for-all
- Olivia P. Judson: The energy expansions of evolution: "The history of the life–Earth system can be divided into five ‘energetic’ epochs... https://www.nature.com/articles/s41559-017-0138
- Henry Farrell: The Strange Death of Anglo-American Liberalism: "The Financial Times... committed to free markets, but with a undertone that they had to have decent outcomes... http://crookedtimber.org/2017/05/31/the-strange-death-of-anglo-american-liberalism/
- Laura Panza and Jeffrey G. Williamson: Australian Squatters, Convicts, and Capitalists: Dividing Up a Fast-Growing Frontier Pie 1821-1871: "Compared with its nineteenth century competitors, Australian GDP per worker grew exceptionally fast... http://www.nber.org/papers/w23416
- (1995): Trade Policy and America’s Standard of Living: An Historical Perspective http://pages.ucsd.edu/~jlbroz/Courses/POLI142B/syllabus/delong.pdf: Before the Great Depression, the U.S. went through waves of protection and liberalization...
- Mark Thoma: The More Trump Fails, the Better Off We’ll Be: "The Trump administration has gone to war against independent sources of information that pose a challenge to its policy goals and the narratives... http://www.thefiscaltimes.com/Columns/2017/06/05/More-Trump-Fails-Better-We-ll-Be
- Financial Times: The needless urge for higher borrowing costs: "Talk of ‘normalising’ interest rates betrays a mistaken belief... https://www.ft.com/content/b752f7dc-4782-11e7-8d27-59b4dd6296b8
- Zack Beauchamp: What If It Happened Here?: "The events of the past 16 years have shown that presidents have extraordinary power to fundamentally alter the laws and culture of the US after a terror attack... https://www.vox.com/world/2017/5/26/15681154/trump-terrorism-manchester-islam
- Katia Porzecanski: Ray Dalio Is Changing His Mind About Donald Trump: "'When faced with the choices between what’s good for the whole and what’s good for the part, and between harmony and conflict, he has a strong tendency to choose the part and conflict... https://www.bloomberg.com/news/articles/2017-06-05/dalio-concerned-by-consequences-of-trump-s-pursuit-of-conflict
- Nick Bunker: Monetary policy via income redistribution: "Combining these three redistribution channels... http://equitablegrowth.org/equitablog/value-added/monetary-policy-via-income-redistribution/
Interesting Reads:
- Noah Smith:
- Don Newgreen and Jeffrey Craig:
- Ben Thompson:
- JEF https://www.jef.or.jp
- Frank Fukuyama https://fukuyama.stanford.edu
- Ralf Dahrendorf:
- Francis Fukuyama:
- Francis Fukuyama:
- John Maynard Keynes: Economic Consequences of the Peace http://amzn.to/2sTZdn7
- George Orwell: Road to Wigan Pier http://amzn.to/2sgiUZO
- George Orwell: Homage to Catalonia http://amzn.to/2s4RK8h
- George Kennan: Sources of Soviet Conduct http://nsarchive.gwu.edu/coldwar/documents/episode-1/kennan.htm
- Karl Polanyi: The Great Transformation http://amzn.to/2rMsPDq
- Frank Fukuyama: "The End of History?" http://www.wesjones.com/eoh.htm
- Ralf Dahrendorf: Reflections on the Revolution in Europe http://amzn.to/2sTXfTE
- John Maynard Keynes:
- Jennifer L. Doleac: New evidence that lead exposure increases crime https://www.brookings.edu/blog/up-front/2017/06/01/new-evidence-that-lead-exposure-increases-crime/
- Per Kurowski: Tea with FT http://teawithft.blogspot.com/
- Per Kurowski: Why should technocrats seemingly be exempt from U-turn requirements, even in the face of horrendous mistakes?: "The worst idea, of the last century at least, has been that of, in order to make the banks safe, one needs to distort the allocation of bank credit by favoring, as if that was needed, banks’ exposures to what is perceived safe over those to what is perceived risky. That meant that when the ex ante perceptions of risk, of especially large exposures, ex post turned out to be very wrong, that banks would stand there with especially little capital. That meant that those rightly perceived as risky, like SMEs and entrepreneurs, those so vital for conserving the dynamism of the economy, would find their access to bank credit much harder than usual..." http://teawithft.blogspot.com/2017/05/why-should-technocrats-seemingly-be.html
- Susan Glasser: Trump National Security Team Blindsided by NATO Speech: "The president also disappointed—and surprised—his own top national security officials.... A White House aide even told The New York Times the day before the line was definitely included. It was not until... Trump started talking... that the president’s national security team realized their boss had made a decision with major consequences—without consulting or even informing them in advance of the change..." http://www.politico.com/magazine/story/2017/06/05/trump-nato-speech-national-security-team-215227
- Larry Summers: Business needs to show there is more to the US than Donald Trump: "It is essential that leaders in American society signal clearly their disapproval of the course the administration is taking. History will judge poorly business leaders who retain their positions on Trump administration advisory boards in the hope of being in a position to cut favourable deals..." http://larrysummers.com/2017/06/05/business-needs-to-show-there-is-more-to-the-us-than-donald-trump/
- Ben Thompson: Lexmark and Patent Exhaustion: "This is a fantastic outcome, and a case that could have far-reaching effects..." https://stratechery.com/2017/lexmark-and-patent-exhaustion-patents-and-first-principles-lexmark-and-apple-versus-qualcomm/
- Stefan Gerlach: The Swiss Phillips curve, 1916-2015: "Inflation may have remained stubbornly low during the recovery because their Phillips curves have become flatter. This column uses an analysis of Swiss data since 1916 that support this argument. ..." http://voxeu.org/article/swiss-phillips-curve-1916-2015
- Adam Ozimek: Monetary Policy And Declining Mobility: "If the Fed was setting interest rates for the worst performing 20% of the U.S., it would keep interest rates lower for longer..." https://www.forbes.com/sites/modeledbehavior/2017/06/03/monetary-policy-and-declining-mobility/#2d5182d4315f
- Sarah Kliff: The opioid crisis changed how doctors think about pain https://www.vox.com/2017/6/5/15111936/opioid-crisis-pain-west-virginia
And Over Here:
- (1995):
- Comment of the Day:
- Live from the British Baboon Cage:
- Must-Read:
- Should-Read:
- Should-Read:
- Should-Read:
- Must-Read:
- Must-Read: The Financial Times is woke: it has joined the Left Central bank Opposition:
- Must-Read:
- Should-Read:
- Should-Read:
Perhaps Worth Looking at...
